UK: Car exports hit new record in 2012
- UK car manufacturing broke all-time export records in 2012, with volumes sent overseas exceeding 1.2m, up 8% on 2011;
- Total vehicle output increased 8% last year to 1.58m units, the highest level since 2008;
- Car output rose 9% in 2012 to 1.46m units, ending the year with a 6% rise in December;
- UK car production could hit 2m pa by 2016 - KPMG
UK car exports broke all-time export records in 2012, with overseas shipments exceeding 1.2m, up 8% on 2011, according to data released by the SMMT. Total car output was up 9% to 1.46m units.
Paul Everitt, SMMT Chief Executive said: "2012 was a very good year for UK car production with record levels of exports and volumes at their highest since 2008.
"The outlook for 2013 remains positive with demand in many faster growing global markets offsetting the continued weakness in European economies. The GBP6bn of investment committed to UK facilities, new model programmes and R&D signals a bright future and many new opportunities for companies in the supply chain. These remain extremely challenging times and it is essential industry and government continue to work together to secure long-term industrial growth."
Business Secretary Vince Cable said, "News that UK car production increased by 9% in 2012 and exports are at record levels is a great tribute to our manufacturing strengths, particularly in the face of challenging trading conditions in Europe and strong international competition.
"The UK is achieving success by making products that are in demand across the world. We have a diverse and innovative automotive sector with some of the most productive plants in the world and a flexible, skilled and committed workforce.
"The government is creating a highly supportive business environment to ensure that UK manufacturers continue to flourish as well as encouraging further investment in the UK automotive sector, including the supply chain.
"There is no room for complacency and to build on this competitive advantage we are working jointly with the auto sector on a long term industrial strategy.”
UK car production could hit 2m in 2016, says KPMG
Consultants KPMG forecast that UK car production could continue to grow to as much as 2m a year by 2016.
“News that UK car production set an all-time export record is clearly welcome and has essentially been driven by great performances at both JLR and Nissan. JLR’s Range Rover is the vehicle that best meets the consumer aspirations of the fast-growing middle-class in emerging markets, especially China, while Nissan’s Qashqai kick-started the fast-growing urban crossover vehicle segment.”
Leech also warned that the eurozone crisis will impact the UK car manufacturing sector, while also taking a more upbeat view of medium-term prospects.
“The dramatic fall in car sales throughout the Eurozone has undoubtedly impacted the UK car industry and has hit Honda and Ford’s Transit production already. There remains further risk that production will fall in the first quarter of 2013 as the Eurozone remains under pressure.
“However, the medium-term prospects of the UK car industry remain excellent and UK vehicle production could hit the 2 million mark in 2016. This will be driven by new vehicle production plans in place at Nissan, JLR and other UK car plants that should be resilient to continuing eurozone weakness.”
|SMMT||Cars||Commercial Vehicles||Total Vehicles||Total Engines|
|Data.||Dec 12||YTD-12||Dec 12||YTD-12||Dec 12||YTD-12||Dec 12||YTD-12|
|% of total||83.50%||82.70%||51.80%||56.90%||81.50%||80.90%||64.50%||62.30%|
|% of total||16.50%||17.30%||48.20%||43.10%||18.50%||19.10%||35.50%||37.70%|
After it looked a bit like just-auto had become part of the global Toyota PR machine last week, this week, for a day or two at least, you could have been forgiven for thinking we had now 'crossed over...
The 2013 Goodwood Festival of Speed was held between 11-14 July inclusive, with many vehicles making their global debuts....
Renault is expected to complete its joint venture agreement with Dongfeng Motor Group, China's second-largest vehicle manufacturer, this month ahead of launching production in the country next year, a...
Tata Group's Jaguar Land Rover has created two new roles on its executive committee to support an increased focus on research and development and to help develop new products....
Tata Group's Jaguar Land Rover sold 210,190 vehicles worldwide during the first six months of 2013, a year-on-year increase of 14%; sales in June were up 7%....
European Commission (EC) authorities have fined four major automotive component producers a total of EUR141.8m (US$182m) for operating wire harness cartels to Toyota, Honda, Nissan and Renault....
- COMMENT: The diminution of Fiat
- Q&A: Volvo XC90 chief engineer Håkan Ivarsson
- RESEARCH SNAPSHOT: Review of front-end modules
- COMMENT: BMW & Mercedes battle over self parking
- COMMENT: No wizards needed at US$100 a barrel
- Arrested Toyota executive quits
- "Levelling off" continues in China's car market
- GM pleased judge tosses out 'ignition switch' suit
- SUVs continue driving US sales growth
- Magna Steyr to build vehicles for JLR
- Global light vehicle safety systems market- forecasts to 2029
- Magna International Inc. (MG) - Financial and Strategic SWOT Analysis Review
- Global light vehicle OE connectivity market- forecasts to 2029
- Global electric light vehicles market- forecasts to 2018
- Global light vehicle instrumentation and cockpits market- forecasts to 2029